Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    21 32nd St Phoenix, AZ 85034-2722

    • Warehouses
    • 5,345 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US07-2656642
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ausi Master Builders, LLC / General Contractor
    • Ausi Masters Builder LLC / Bathroom Remodeler / Construction Company

    Property Details for 21 32nd St

    Year built
    1954
    Construction
    CONCRETE
    Lot size
    0.15 lot acres
    Property size
    5,345 SF
    Zone code
    I-1
    Property type
    Warehouses
    APN
    121-21-019
    APU
    12121019

    Description

    This exceptional 5,345-square-foot warehouse, located at 21 South 32nd Street in Phoenix, Arizona, presents a compelling investment opportunity. Built in 1954, the property sits on a 0.15-acre lot and is zoned A-1, offering versatility for various industrial uses. The warehouse boasts a spacious interior with a ceiling height of 13 feet, providing ample storage and operational space. Three grade-level doors and three loading bays ensure efficient loading and unloading operations. The property also includes three restrooms for employee convenience. The building features evaporative cooling. Its central location offers easy access to major transportation arteries, including the I-10, I-17, and Loop 202 freeways, as well as proximity to Phoenix Sky Harbor International Airport. The multi-tenant capability makes this property ideal for investors seeking diverse income streams. The asking price is $845,000, translating to $158.09 per square foot. This well-maintained warehouse is ready for immediate occupancy and presents a strong return on investment. The property's strategic location and functional design make it an attractive option for businesses seeking a well-situated and efficient industrial space in the heart of Phoenix. The 85034 zip code further enhances its desirability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.013
    Latitude
    33.4473
    CBSA code
    38060
    CBSA name
    PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,968
    $0.00
    $0.00
    $74,778
    -
    $96,300
    $356,900
    $453,200

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      3929 University Dr

      STORAGE YARD (JUNK, SALVAGE) • 0.18 Acres
      3929 University Dr, Phoenix, AZ 85034-7201
      View Details
    • Value Estimation by Request
      12,000 SF

      3938 Air Ln

      WAREHOUSE, STORAGE • 12,000 SF
      3938 Air Ln, Phoenix, AZ 85034
      View Details
    • Value Estimation by Request
      130,023 SF

      2680 12th Pl

      WAREHOUSE, STORAGE • 130,023 SF
      2680 12th Pl, Phoenix, AZ 85034-0301
      View Details
    • Value Estimation by Request
      1,334 SF

      3349 Washington St

      WAREHOUSE, STORAGE • 1,334 SF
      3349 Washington St, Phoenix, AZ 85034
      View Details
    • Value Estimation by Request
      26,600 SF

      2702 Washington St

      WAREHOUSE, STORAGE • 26,600 SF
      2702 Washington St, Phoenix, AZ 85034-1423
      View Details
    • Value Estimation by Request
      1,392 SF

      2543 Washington St

      WAREHOUSE, STORAGE • 1,392 SF
      2543 Washington St, Phoenix, AZ 85034-1400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,560 SF

      Phoenix Industrial Building For Sale

      4,560 SF Flex Space, Updated 2023
      2326 Washington St, Phoenix, AZ 85034
      View Details
    • $2,100,000
      8,083 SF

      Freestanding Industrial Building For Sale

      8,083 SF industrial building fully leased until September 2025.
      2824 E Washington St, Phoenix, AZ 85034
      View Details
    • $1,250,000
      4,867 SF

      Phoenix Industrial Building For Sale

      Industrial building for sale, fully leased through August 2028.
      1617 E Jefferson St, Phoenix, AZ 85034
      View Details
    • $5,310,000
      21,240 SF

      Renovated Warehouse in Phoenix, AZ

      Recently renovated warehouse with new roof, lights, and parking.
      1941-1945 E Watkins St, Phoenix, AZ 85034
      View Details
    • Contact for pricing
      132,000 SF

      Phoenix Warehouse with Fenced Yard

      132,000 SF warehouse with heavy power and fenced yard.
      3435 W Buckeye Rd, Phoenix, AZ 85034
      View Details
    • $2,500,000
      13,000 SF

      Phoenix Industrial Building with Yard

      13,084 SF industrial building with dedicated yard space.
      218 S 15Th St, Phoenix, AZ 85034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,683 SF

      Phoenix Warehouse with Trailer Storage

      100,683 SF warehouse with 3-acre yard in Phoenix.
      1100 E Hammond Ln, Phoenix, AZ 85034
      View Details
    • $13 SF/Yr
      10,350 SF

      Phoenix Warehouse Space for Lease

      Warehouse space for lease with convenient freeway access and amenities.
      1646 E University Dr, Phoenix, AZ 85034
      View Details
    • $1.00 SF/Yr
      10,000 SF

      Phoenix Warehouse Space Available

      Warehouse space near Loop 202 and I-10 interchanges.
      205 S 29Th St, Phoenix, AZ 85034
      View Details
    • $10,000 /Mo
      7,850 SF

      Phoenix Warehouse with Secured Yard

      7,850 SF warehouse with secured yard in Phoenix.
      2210 E Adams St, Phoenix, AZ 85034
      View Details
    • $1.20 SF/Yr
      9,464 SF

      Phoenix Warehouse with Light Rail Access

      Warehouse space with convenient access to light rail and freeways.
      5454 E Washington St, Phoenix, AZ 85034
      View Details
    • $0.95 SF/Yr
      7,000 SF

      Phoenix Warehouse Space for Lease

      7,000 SF warehouse space with fire sprinklers, Phoenix, AZ.
      20 N 32Nd Pl, Phoenix, AZ 85034
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21 32nd St
    Phoenix, AZ 85034-2722
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.